iQIYI earnings, Revenue beat in Q1

iQIYI earnings, Revenue beat in Q1
Credit: © Reuters. - iQIYI reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

iQIYI announced earnings per share of 0.2 on revenue of 7.28B. Analysts polled by anticipated EPS of -0.5526 on revenue of 7.21B.

iQIYI shares are down 21.49% from the beginning of the year and are trading at 3.58 , down-from-52-week-high.They are outperforming the Nasdaq which is down 26.91% year to date.

iQIYI follows other major Communication Services sector earnings this month

iQIYI's report follows an earnings missed by Yandex on Thursday, April 28, 2022, who reported EPS of -26.08 on revenue of 106.01B, compared to forecasts EPS of -2.41 on revenue of 95.55B.

Meta Platforms had beat expectations on Wednesday, April 27, 2022 with first quarter EPS of 2.72 on revenue of 27.91B, compared to forecast for EPS of 2.56 on revenue of 28.28B.

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